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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Office Spaces
121 Reynolda Vlg Winston Salem, NC 27106-5126
Individually Owned
Free & Clear
Property ID
US53-1484289
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
WOOD FRAME
Total area
8,662 SF
Lot
23.08 ac (1,005,365 SF)
Zoning code
C,PB,PB-S
APN
6826-08-9642.00
UPID
US53-1484289
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Lindalyn Carpenter Physician Medical Clinic
-
Kingsley Management Group Financial Advisor
-
Wild Law Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$970k
Owner & transaction history
WAKE FOREST UNIVERSITY
WAKE FOREST UNIVERSITY
Zoning & alternative use
C,PB,PB-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+121.5%
Retail stores
$1.1M
+75.7%
Auto repair, garage
$1.1M
+72.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Winston Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winston Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$1,460,000
6.5%
$1,350,000
7%
$1,255,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
MEDICAL BUILDING
$1,440,000
Change: +121% · Conversion: Easy
RETAIL STORES
$1,140,000
Change: +76% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,120,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$750,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$665,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,875
Tax year 2024
Assessed value
$2,474,200
Assessed 2024
Previous assessed
$2,474,200
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,241,900
Assessed improvement
$1,232,300
Land market value
$1,241,900
Improvement market value
$1,232,300
Total market value
$2,474,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
8,662 SF
Lot
23.08 ac (1,005,365 SF)
Zoning code
C,PB,PB-S
APN
6826-08-9642.00
UPID
US53-1484289
Jurisdiction
FORSYTH
Zoning & alternative use
C,PB,PB-S · Winston Salem, NC
Zoning C,PB,PB-S · permitted uses
C,PB,PB-S · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winston Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$650,000
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$665,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
23.08 ac
Current owner
From public records · entity-resolved
WAKE FOREST UNIVERSITY
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 7201, WINSTON SALEM, NC 27109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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